Originally Posted by
im-headed-west
USD finally gaining ground on AUD and NZD ... just in time for my Fall trip
Love to see the AUD back in low 90s and NZD back in the mid 70s !
Is that fall trip before or after the Australian federal election? That may affect the likelihood of USD parity quite significantly ... AUD exchange rate moves in response to small fluctuations in capital inflow/outflow so it is easily manipulated, and reality is that China has contracted for >10 billion AUD per month of resource purchases and that money eventually comes back to Oz, hence the climb from 0.60 AUD to over parity in the past 5 years. That underlying factor is not changing, only going up, unless China stops trading with Australia.